Currently, the dominant reserve currency is the

The World Bank has extended a loan to Country X to build a new toll road and counts on the repayment of the loan from the collected tolls

After the funds have been transferred to the country, the government decides to spend the money to build a new presidential palace. This is an example of A) adverse selection. B) hostile selection. C) government risk. D) moral hazard.

Nadia consumes two goods, food and clothing. The price of food is $2, the price of clothing is $5, and her income is $1,000 . Nadia always spends 40 percent of her income on food regardless of the price of food, the price of clothing, or her income

a. What is her price elasticity of demand for food? b. What is her cross-price elasticity of demand for food with respect to the price of clothing? c. What is her income elasticity of demand for food?